WESTPORT, Conn.--(BUSINESS WIRE)--July 17, 2007--Terex Corporation
(NYSE:TEX) today announced that its stockholders have approved an
amendment to the Company's Certificate of Incorporation to increase
the number of shares of common stock the Company is authorized to
issue by 150,000,000. The authorization amendment was approved at a
Special Meeting of Stockholders held at the Company's headquarters.
The Company now has 300,000,000 authorized shares of common stock.
"Today's stockholder approval provides Terex with the flexibility
we may need going forward in connection with possible future stock
splits, financing transactions, acquisitions of other companies or
business properties, employee benefit plans and other corporate
purposes," said Ronald M. DeFeo, Chairman and Chief Executive Officer.
Terex Corporation is a diversified global manufacturer with 2006
net sales of $7.6 billion. Terex operates in five business segments:
Aerial Work Platforms, Construction, Cranes, Materials Processing &
Mining, and Roadbuilding, Utility Products and Other. Terex
manufactures a broad range of equipment for use in various industries,
including the construction, infrastructure, quarrying, surface mining,
shipping, transportation, refining, and utility industries. Terex
offers a complete line of financial products and services to assist in
the acquisition of Terex equipment through Terex Financial Services.
More information on Terex can be found at www.terex.com.
CONTACT: Terex Corporation
Media
Mike Bazinet, 203-222-6113
Director, Global Communications
[email protected]
or
Investors
Tom Gelston, 203-222-5943
Director, Investor Relations
[email protected]
SOURCE: Terex Corporation